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R&D claims allow companies to recover a portion of the expenditure incurred on R&D activities in the form of tax liability reductions or in some instances, payable cash credits. But, does an R&D Tax Claim always benefit cash flow?

R&D Tax Credits
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Innovate UK Smart Grants are funding opportunities provided by Innovate UK, which is part of UK Research and Innovation (UKRI). These grants aim to support game-changing and commercially viable research and development innovations that can significantly impact the UK economy.  

Grant Funding
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CIOT (Chartered Institute of Taxation) as a professional accounting body have previously raised concerns with HMRC through open letters sent in July 2023, December 2023 and May 2024. The concerns addressed in the letters have focused on several key areas related to HMRC's approach that affect their charter.

R&D Tax Credits
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A client approached our R&D tax team for assistance after their accountant had prepared an R&D claim that came under scrutiny during the compliance check process. Read our key take aways from successfully navigating an HMRC compliance check.

R&D Tax Credits
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In the spotlight this month is the team and innovative space at STEAMhouse. STEAMhouse are a collaborative community developing business ideas, skills, knowledge and ambition.

Partner Referral Scheme
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TBAT Innovation is proud to sponsor the 'Innovation' category at the Medilink Midlands Business Awards 2024. The awards will see life science companies across the Midlands receive awards from Start-Up to Outstanding Achievement.

Company News
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Navigating HM Revenue & Customs (HMRC) enquiries or compliance checks concerning Research and Development (R&D) tax credit claims can be a significant challenge for businesses. Read our latest article where we share expert insights including engaging with HMRC, the reasons for a HMRC enquiry and the process.

R&D Tax Credits
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Discover the new R&D Merged Scheme effective from April 1, 2024, simplifying claims for SMEs, Large Companies, and subsidised projects.

R&D Tax Credits
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Two key mechanisms that play a pivotal role in fuelling research and development (R&D) endeavours while maximising returns on intellectual property (IP) investments are R&D tax relief and the Patent Box regime. But what happens when these two powerful incentives come together? 

R&D Tax Credits
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The R&D tax relief schemes are undergoing significant changes, for example the introduction of the Merged Scheme, merging SME and RDEC schemes into a single framework covering SMEs, Large Companies, and subsidised projects. Read our post outlining some of the upcoming changes, including the Spring Budget 2024.

R&D Tax Credits
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Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.

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